Political mass strike dynamics have been at work in the United States since the Wisconsin and Ohio mobilizations of February and March. Now, there are demonstrations in lower Manhattan and Boston specifically directed against the Wall Street banks. Another protest demonstration is scheduled for Washington, DC, starting on October 6. Good: a political challenge to Wall Street is indeed long overdue.

The Occupy Wall Street demonstrators are skeptical in regard to Obama. There is no sizable constituency for Ron Paul, and the crackpot Austrian school of economics is hardly represented. Above all, there is a desire to break the power of Wall Street. This much is promising, but still not enough to win.

The demonstrations appear initially as leaderless groups, engaged in an organic process of discussion from which specific demands are supposed to emerge. But so far, these demonstrations have put forth no specific demands, reforms, or concrete measures whatsoever to fight Wall Street. This is a fatal political weakness. A movement that attempts to go forward with vague slogans like “Freedom” or “Abolish capitalism” is likely to become easy prey for foundation-funded operatives on the left wing of the Democratic Party.

If a movement pretends to have no leaders, then it is the corporate media, themselves controlled by Wall Street, who will choose the leaders. A few days ago, a Wall Street protester named Kelly Heresy was anointed as principal honcho by Keith Olbermann, who used to work for the hedge fund called General Electric, and who now works for Al Gore. This is no way to select leaders.